Liquidity Services Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:LQDT)
Shares of Liquidity Services (NASDAQ:LQDT) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the company, Analyst Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.99.
LQDT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Liquidity Services from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $14.90 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Liquidity Services from $15.00 to $14.00 in a research note on Friday, August 8th. Finally, analysts at Benchmark Co. downgraded shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, June 5th. They now have a $16.00 price target on the stock, down previously from $29.00.
Liquidity Services (NASDAQ:LQDT) opened at 14.57 on Monday. Liquidity Services has a 1-year low of $12.05 and a 1-year high of $38.31. The stock has a 50-day moving average of $14.12 and a 200-day moving average of $18.58. The company has a market cap of $432.2 million and a price-to-earnings ratio of 11.31.
Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, August 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $127.00 million for the quarter, compared to the consensus estimate of $122.90 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Liquidity Services will post $1.04 earnings per share for the current fiscal year.
Liquidity Services, Inc is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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